Cryptopia to delist FazzCoin and PosWallet

Cryptopia exchange is delisting PosWallet and FazzCoin on April 29 due to swap to new coins
15 April 2018   877

PosWallet is transitioning from POSW to a new XSN coin to implement new features like TPoS and Masternode while FazzCoin are moving to ERC-20 token because at the moment there are no miners on their network. Due to these changes, Cryptopia exchange is delisting both coins effective on April 29. As before, in case of PosWallet users are strongly advised to withdraw their funds before April 29 in order to ensure the safety and accessibility of the funds after the removal. The POSW network will stop being supported on May 1 and no issues are expected to happen.

As for FazzCoin, things are looking grim: because the network is not being mined, FAZZ lost its functionality. That means the chances of being able to withdraw the funds to users' personal wallets is quite low. The developers team was contacted and informed of the delisting. Unfortunately, Cryptopia was now informed of the swap, so users are advised to monitor any possible news source about the status of FAZZ coin. That way users will not miss out on the swap if it goes ahead. All complaints regarding the issues with withdrawal should be directed towards the coin developers team.

At the moment of publication, PosWallet market parameters are as follows

  • Average price: $0.360340
  • Market cap: $15,890,994
  • Volume (24H): $9,406

As for FazzCoin, its market indicators are as follows:

  • Average price: $0.005357
  • Volume (24H): $16

ICORating to Update Exchange Security Report

Experts evaluated many parameters including user account security
18 January 2019   104

ICORating analysts have estimated the security level of 135 cryptocurrency trading platforms with a daily volume of more than $ 100,000. Kraken and Cobinhood ranked first and second, respectively, receiving a rating of A. Three of the leaders were closed by the Poloniex exchange with an A- rating.

Note that the experts investigated the following key aspects: user account security, domain security, DoS attack resistance and web security.

It is noteworthy that only 16% of the world's largest stock exchanges were rated A and A-, and none of them won A +.

Coinbase Pro ranked ninth, Binance 34th, and Gemini 84th.

Recall that at the beginning of this week, information appeared about hacking into the New Zealand trading platform Cryptopia.[